EGP leads Insify's €16.3 million Series B funding round, bolstering the insurtech company's mission to improve the insurance experience for consumers.

Target Information

Insify is an innovative insurtech company committed to redefining the insurance landscape. Founded by Koen Thijssen, who previously encountered significant challenges with traditional insurers, Insify emerges as a solution to the prevalent frustrations consumers experience in the insurance process. With a customer-centric approach, Insify offers fully digital, personalized insurance policies that can be obtained in mere minutes, allowing over 30,000 customers to successfully navigate their insurance needs with ease and clarity.

Industry Overview in Germany

The insurtech sector has been gaining traction in Germany, driven by a growing demand for more efficient and user-friendly insurance solutions. Traditional insurance companies often struggle with bureaucratic processes, lengthy application times, and a lack of transparency, which has fueled the rise of digital entrants like Insify. This evolution is not only changing the way insurance is sold but is also reshaping consumer expectations across the industry.

Germany's favorable regulatory environment and strong technological infrastructure support the growth of insurtech startups. With a population increasingly accustomed to digital services, there is a notable